Gas prices hit the highest level in eight years — here's what's driving the surge
CBSN
Gasoline prices across the U.S. are surging to the highest level in eight years as the price of crude oil rises, spiked by worries about geopolitical tensions in Eastern Europe.
The average price of a gallon of gas hit $3.47 on Wednesday, according to AAA, a jump of eight cents from the previous week. Gas prices this week are at their highest since October 2014, according to the U.S. Energy Department.
While gasoline prices typically dip in the first months of the year as Americans wait out cold weather indoors, this year has been different. Oil traders, anxious over the ongoing tensions between Russia and Ukraine, have bid up the price of crude oil to more than $90 a barrel.
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Minnesota state and county officials sued the federal government Tuesday, alleging they are being blocked from investigating the shootings of Renee Good, Alex Pretti and Julio Cesar Sosa-Celis by federal agents. In:
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Ford Motor Co. is recalling 254,640 Lincoln and Explorer vehicles due to a software issue that may disrupt the rearview camera and other features intended to enhance safety while driving. Edited by Aimee Picchi In:
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One of South Africa's most notorious apartheid police commanders testified on Monday at an inquiry into the killing of four activists in 1985 as part of the country's renewed focus on atrocities committed by security forces during decades of forced racial segregation that went unpunished. In: